Bitcoin's price has stabilized above the $100,500 resistance zone, signaling potential for further upward movement. BTC is currently trading below $104,000, but a bullish trend line around $102,000 provides support. A break above $105,500 could lead to testing the $108,200 resistance level.
The cryptocurrency experienced a downside correction from $106,800, trading now under the 100-hourly SMA. Immediate resistances lie at $104,500 and $105,500. Further increases could drive the price above $108,200, potentially setting new highs.
However, failure to surpass $104,500 might trigger a downside correction, with key support levels at $102,500, $101,250, and possibly as low as $88,500.
Sumber: www.newsbtc.com ↗